KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed a cross-border deal with Singapore's Keppel Electric Pte Ltd to supply up to 100 megawatt (MW) of electricity.
In a statement, TNB said the agreement is part of the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP), aimed at strengthening energy security and sustainability across Asean.
TNB president and chief executive officer, Datuk Megat Jalaluddin Megat Hassan stated that the agreement aligns with Asean's energy goals and establishes Malaysia as an energy hub for the region.
"As a key player in the Asean Power Grid (APG), TNB is committed to advancing energy security and leading the region's energy transition. "This agreement not only supports crossborder power trade but also reinforces Malaysia's leadership in regional energy connectivity," he said.
TNB also signed a Cross-border Power Trade Interconnection Agreement with SP PowerAssets Ltd to ensure stable electricity transmission between Malaysia and Singapore.
The company stated that these initiatives support Asean's broader energy transition, prioritising interconnectivity and grid efficiency as the region faces growing energy demand.
At 2.50pm, TNB's share price traded at RM14.62, down 0.1 per cent or 2 sen with its market capitalisation valued at RM85 billion.